𝔖 Bobbio Scriptorium
✦   LIBER   ✦

OPTIMAL PORTFOLIO, CONSUMPTION-LEISURE AND RETIREMENT CHOICE PROBLEM WITH CES UTILITY

✍ Scribed by Kyoung Jin Choi; Gyoocheol Shim; Yong Hyun Shin


Book ID
111043106
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
250 KB
Volume
18
Category
Article
ISSN
0960-1627

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Optimal consumption–portfolio choices an
✍ Zvi Bodie; Jérôme B. Detemple; Susanne Otruba; Stephan Walter 📂 Article 📅 2004 🏛 Elsevier Science 🌐 English ⚖ 414 KB

We examine consumption and investment decisions in a life-cycle model with habit formation, stochastic opportunity set, stochastic wages and labor supply exibility. Retirement is taken into account by specifying an age at which labor earnings stop, but consumption spending continues. Explicit soluti

Optimal portfolio-consumption choice und
✍ Ying-Yin Chou; Nan-Wei Han; Mao-Wei Hung 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 English ⚖ 286 KB

This research solves the intertemporal portfolio choice problems with and without interim consumption under stochastic inflation. We assume a one‐factor nominal interest rate and a one‐factor expected inflation rate, implying a two‐factor real interest rate in the economy. In contrast to other relat